Depreciation claim procedure
This query is : Resolved
Quick Summary
Kollipara Sundaraiah
(Querist)
24 May 2022
Sir,
One of the professional income it returns filed person consturaction for hospital building value rs:1 crore (ground floor for hospital and 1st floor for residential purposes used.
Question:
Assessess depreciation claim procedure on total construction value or hospital used place only allowed.
One of the professional income it returns filed person consturaction for hospital building value rs:1 crore (ground floor for hospital and 1st floor for residential purposes used.
Question:
Assessess depreciation claim procedure on total construction value or hospital used place only allowed.
CA R SEETHARAMAN
(Expert)
25 May 2022
Depreciation for hospital used place only allowed.
CA Puja Sharma
(Expert)
25 May 2022
Yes, depreciation will be allowed only for the space used for commercial or business purposes that is ground floor.
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